Escrow & Title
What is 'title search' in a real estate transaction?
AA physical inspection of the property boundaries
BThe examination of public records to trace the history of ownership and identify any liens, encumbrances, or defects affecting the title✓ Correct
CA search for the property owner's contact information
DA database search for similar properties that have recently sold
Explanation
A title search is the examination of public records (deeds, mortgages, court judgments, tax records, etc.) to establish the chain of title and identify any matters that may affect the title. The results are typically summarized in a preliminary title report.
Related California Escrow & Title Questions
- What is 'chain of title'?
- In California, escrow is considered 'closed' when:
- Title insurance that protects the lender against losses due to title defects is called:
- A preliminary title report is issued by a title company PRIMARILY to:
- Prorations in escrow refer to:
- What is a 'chain of title'?
- Which document gives the escrow holder authority to proceed with a transaction?
- A mechanic's lien can be filed by:
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